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Article Date: April 2019
Word Count: 208

Activist Investors Plan to Fight Election of Two Sturm, Ruger Directors


Majority Action and the Interfaith Center on Corporate Responsibility announced they would ask shareholders to withhold their votes for the company’s chairman, Michael Jacobi, and Sandra Froman, a director and past president of the NRA, because of what they see as a lack of responsiveness to the vote they won last year requiring a report to shareholders on the safety of its products. A similar measure was passed by shareholders of American Outdoor Brands, parent of Smith & Wesson.

 

While the groups sponsoring the resolution have relatively few shares, they were able to secure the backing of major institutional investors like ... Log in to view full article.

 


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